Common use of Quarterly Accountings Clause in Contracts

Quarterly Accountings. Within thirty (30) days after the end of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the parties), the Company shall submit to the Administrator a written statement of accounting in a form and containing such information to be agreed upon by the parties hereto (each, an “Insolvency Fund Quarterly Accounting”) setting forth the Insolvency Fund amounts assessed or payable to the extent that such assessments constitute Reinsured Risks with respect to the Reinsured Contracts (collectively, the “Post-Effective Date Assessments”). The Administrator shall remit to the Company an amount equal to the Post-Effective Date Assessments set forth in an Insolvency Fund Quarterly Accounting received by the Administrator within ten (10) Business Days of receipt by the Administrator of such Insolvency Fund Quarterly Accounting.